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$ 1,475,000
Est. payment /mo
Active
1680 Midland AVE #5 Toronto E04, ON M1P 3C6
2 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Municipality Toronto E04
Subdivision Dorset Park
MLS Listing ID E12224270
Annual Tax Amount $10,936
Tax Year 2024
Property Sub-Type Industrial
Property Description
PRICE DECREASE with further potential to negotiate price. This owner-occupied industrial warehouse is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. A true chance to set your own returns as an investor as the new lease will be negotiated directly with the current owners of the property. Well designed rectangular layout with front office/reception area with 2 washrooms. 7 exclusive parking spots and included with each unit. Minutes away from 401 On/Off Ramp and currently zoning allowing for a variety of uses including automotive.
Location
State ON
County Toronto
Community Toronto E04
Area Toronto
Zoning E 0.7 (x192)
Interior
Cooling No
Exterior
Utilities Available Yes
Others
Security Features Yes
ParcelsYN No
Listed by KELLER WILLIAMS ADVANTAGE REALTY